Derived from the Michigan-based S.S. Kresge 5 & 10 operation in 1962, Kmart had become the preeminent discount department store chain in the United States by the mid-1970s, with standard stores enveloping between 80,000 and 110,000 square feet. The success of the discount chain had even eclipsed that of the older Kresge Corporation stores, resulting in the corporate moniker being changed to the Kmart Corporation in January 1977.
By the early 1990s, the Kmart star had been eclipsed by Arkansas-based Wal-Mart and Minnesota's Target stores. Kmart went through bankruptcy proceedings between January 2002 and May 2003; this a result of some creative accounting and misappropriation of funds by two corporate heads.
The company merged with Chicago-based Sears & Roebuck in November 2004, with the new entity assuming the heading of Sears Holdings Corporation. Following campaigns of store closings, there are still over one thousand Kmarts in operation in the United States.
KMART-ANCHORED SHOPPING MALLS:
*PYRAMID MALL, Plattsburgh, NY (1975)
*CRYSTAL POINT MALL, Crystal Lake, IL (1978)
Click on this link to view a vintage KMART TV commercial>